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December 5, 2012
05:42 EDTALVAutoliv opens new seatbelt plant in Indonesia
Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia. The new plant will enable the company to grow its sales in Indonesia from $12M last year to $25M by 2015 in already booked business and to $50M when the plant will be fully utilized. The plant will replace the company's existing Indonesian plant and serve Toyota, Daihatsu and Nissan, Autoliv's main customers in Indonesia. The new plant has a floor space of nearly 2,500 square meters on a land plot of 11,000 sqm and, at the start, 170 employees. All of the employees will be transferred from Autolivs existing Indonesian plant. The capital expenditures for the new plant amount to $3M.
News For ALV From The Last 14 Days
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October 23, 2014
09:04 EDTALVOn The Fly: Pre-market Movers
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06:42 EDTALVAutoliv expects negative mix in China to continue in Q4
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06:41 EDTALVAutoliv sees FY14 organic sales growth of 5.5%
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06:40 EDTALVAutoliv sees Q4 revenue growth 2%, consensus $2.47B
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06:40 EDTALVAutoliv reports Q3 revenue $2.21B, consensus $2.26B
Quarterly organic sales grew by close to 5%. The adjusted operating margin was 8.5%. The lower than expected organic sales growth was primarily due to unfavorable vehicle mix in China, but also due to lower overall production in the Chinese market. Reports operating cash flow for a third quarter of $212M.
October 21, 2014
10:00 EDTALVOn The Fly: Analyst Initiation Summary
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06:25 EDTALVAutoliv initiated with a Neutral at Susquehanna
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